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Oct 3, 2012
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>>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not talking a year out. talking a couple years out, i believe you're going to see the underwriting standard
>>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it....
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Oct 5, 2012
10/12
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and i think people need to have a real debate over the argument and not a cartoon debate about somehow darkened conspiracies with the number. >> so the discussion will happen on the sunday shows whether or not the week was about the president's performance in the debate, or this economic data. which wins? which one is more important? >> you know, the debate was seen by tens of millions of people. i think that's important. i've said all along during the campaign, the jobless numbers have been hyped in their importance because people are living in this economy. they feel what's happening to their lives and their own prospects. this is good news for the president but doesn't change what voters already know about their own lives and the prospects for their kids to get ahead, the prospects for them to get jobs if they don't have jobs now. i wouldn't overexaggerate. its a psychological thing. it helps the president. it's a high rate. not a good rate. >> yeah. we've asked this question for months. the romney people, when the data does turn and who chos if it would actually, i'm told the presi
and i think people need to have a real debate over the argument and not a cartoon debate about somehow darkened conspiracies with the number. >> so the discussion will happen on the sunday shows whether or not the week was about the president's performance in the debate, or this economic data. which wins? which one is more important? >> you know, the debate was seen by tens of millions of people. i think that's important. i've said all along during the campaign, the jobless numbers...
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Oct 2, 2012
10/12
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first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head nothing good deed goes unpunished, if how you characterize the takeover of bear stearns, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a systemic fraud on thousands of investors, the lawsuit says, deceiving them about the fundamentally defecti
first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head...
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Oct 4, 2012
10/12
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romney and obama facing off last night in their first presidential debate. among the topics they sparred over, revenue. take a listen. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. >> for reaction from the obama campaign, the co-founder and former ceo of car max, austin leggen joins us from richmond, virginia. austin, good morning to you. >> good morning. how are you? >> good. i'd love to get your take on that specific moment which has been cited by many to be one of romney's most coherent, concise arguments for his view of the role of government. you agree? >> well, it may have been quick and a good sound bite, but it's not very coherent or concise. what he says is growth will give you revenue which will give you growth. i mean, what he's
romney and obama facing off last night in their first presidential debate. among the topics they sparred over, revenue. take a listen. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll...
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Oct 3, 2012
10/12
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president obama's lead has narrowed heading into tonight's big debate. john harwood is in denver getting ready for the big event. john? >> reporter: melissa, we've got several pieces of encouraging news for mitt romney from not only the wall street poll but swing states poll. you mentioned that mitt romney's closed the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our poll. in virginia, he has closed the gap from five to two. if you look at the state of ohio, a must-win state for mitt romney, mathematically possible for him to get to it without it but his strategists think he needs it. he needs to make progress there. but the fact that some of the national polls are coming back a little bit, some of the swing state polls are tightening, is a bit of an earn couragement for romney that he still has an opportunity for deficit with three or four points to change the dynamic in some way. he's got to hope that obama is not on his best game. yo
president obama's lead has narrowed heading into tonight's big debate. john harwood is in denver getting ready for the big event. john? >> reporter: melissa, we've got several pieces of encouraging news for mitt romney from not only the wall street poll but swing states poll. you mentioned that mitt romney's closed the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our...
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can't debate to change numbers. i think he presumably means the obama campaign. and conservative commentator laura ingram tweeted, another name for the labor debt's bogus 7.8% unemployment number. obama's surprise, thanks hilda. hilda solis is responsible at the bureau of statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of statistics. folks that have been working in this area for many years and this is a methodology that's been used for decades. it is insulting when you hear people just cavalierly say that somehow we are manipulating numbers. i find that very insulting. >> solis, not solis. for the record, here's how the process works. the raw data comes in on wednesdays, the week before the monthly report. the bureau of statistics makes calls around to 60,000 house holds and asks who is working. that's where the unemployment rate comes from. for job growth and job loss, they gather payroll data from businesses. everyone who touches the data signs confidentiality agreements. documents are locked in s
can't debate to change numbers. i think he presumably means the obama campaign. and conservative commentator laura ingram tweeted, another name for the labor debt's bogus 7.8% unemployment number. obama's surprise, thanks hilda. hilda solis is responsible at the bureau of statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of statistics. folks that have been working in this area for many years and this is a methodology that's...
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. >> is it wrong for president obama not to ask him about the 47% during the debate? >> it was a mistake for president obama to ask him about that, it was wrong for president obama not to say, mitt romney, are you calling out the republicans who are voting for the jobs bill in the senate? president obama left a whole bunch of stuff on the table that he could have brought up. he absolutely should have asked him about it because it's a central issue when you talk about where we stand in this country. i simply say to ali, i know he's your guy. >> he's even saying preexistent conditions will be covered, but people who lose their job can keep their health insurance for a time. that's not what people think of when they think of a preexisting condition. >> it's something that when republicans repeal obamacare and try to replace it, they'll have to come up with that replacement so people don't gain in the system -- >> so was he lying or mistaken about his own policy? >> there is a provision in there, anderson, that will cover a portion of the people who don't have health insu
. >> is it wrong for president obama not to ask him about the 47% during the debate? >> it was a mistake for president obama to ask him about that, it was wrong for president obama not to say, mitt romney, are you calling out the republicans who are voting for the jobs bill in the senate? president obama left a whole bunch of stuff on the table that he could have brought up. he absolutely should have asked him about it because it's a central issue when you talk about where we stand...
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can't debate so change numbers. chicago guys presumably meaning the obama campaign. we will talk to him about that. congressman alan west said this on his facebook page. in regard to today's jobs report, i agree with jack welch. chicago style politics is at work here. conservative commentator laura ingram said another name for the labor department's bogus 7 pts 8% unemployment number. obama's october surprise. thanks, hilda. that's labor secretary hilda solis, who is responsible for the bureau of labor statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of labor statistics, highly trained, highly skilled ph.d.s, economists, statisticians, folks that have been working in this area for many years and this is a methodology that's been used for decades and it is insulting when you hear people just cavalierly say that somehow we are manipulating numbers. i find that very insulting. >> hilda solis. for the record, here's how the process works. the raw data comes in on wednesdays, the week before each monthly repo
can't debate so change numbers. chicago guys presumably meaning the obama campaign. we will talk to him about that. congressman alan west said this on his facebook page. in regard to today's jobs report, i agree with jack welch. chicago style politics is at work here. conservative commentator laura ingram said another name for the labor department's bogus 7 pts 8% unemployment number. obama's october surprise. thanks, hilda. that's labor secretary hilda solis, who is responsible for the bureau...
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Oct 6, 2012
10/12
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it's good news for president obama, after his underwhelming performance in wednesday' debate. and bad news for mitt romney, and his conspiracy-minded supporters on the republican right. more on that in a moment. according to the bureau of labor statistics, unemployment dropped to 7.8% last month down .3 of a percent since august. employers added 114,000 new jobs. including 104 in the private sector and 10,000 in the public sector which had seen months of steady decline. in july's number revised to 181,000 with an additional 40,000 new jobs. president obama shared the news with a cheering crowd at a campaign appearance in fairfax virginia. >> obama: this morning we found out that the unemployment rate had fallen to its lowest level since i office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> eliot: not if you're mitt romney. the g.o.p. contender talked down the jobs numbers and the economy at an abingdon, virginia, rally. >> romney: there were
it's good news for president obama, after his underwhelming performance in wednesday' debate. and bad news for mitt romney, and his conspiracy-minded supporters on the republican right. more on that in a moment. according to the bureau of labor statistics, unemployment dropped to 7.8% last month down .3 of a percent since august. employers added 114,000 new jobs. including 104 in the private sector and 10,000 in the public sector which had seen months of steady decline. in july's number revised...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ ç gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesti
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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vice-presidential debate october 16 andack november 22nd presidential debates. >> the r they give watching. r work. ♪ gerri: both president obama and candidate mitt romney using today's jobs report to bolster their campaigns. the truth behind those numbers and a $5 gas, already happening in one state. could it happen in yours? welcome to "the willis report." ♪ hello, everybody. i'm gerri willis. do you believe the jobs numbers released today? a huge drop in unemployment rates to 7.8%. a look at that. nearly 1 million people entering the workforce in just one month. today, some of the business community calling those numbers completely fake, deliberately distorted to make president obama look good before the election. the obama administration firing back calling such charges ludicrous. what is the real story? joining me now, former white house chief economist and labor department commissioner keith hall, moody's chief economist, john lonski, and carried from call bomb capital management. welcome to you all. very curious. nearly a half percent move in the an employment rate on just 114,0
vice-presidential debate october 16 andack november 22nd presidential debates. >> the r they give watching. r work. ♪ gerri: both president obama and candidate mitt romney using today's jobs report to bolster their campaigns. the truth behind those numbers and a $5 gas, already happening in one state. could it happen in yours? welcome to "the willis report." ♪ hello, everybody. i'm gerri willis. do you believe the jobs numbers released today? a huge drop in unemployment...
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Oct 5, 2012
10/12
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we now know more about what president obama was trying to do in his lackluster debate wednesday night. that will be helpful to know. >>> and one thing democrats and republicans can be sure of, it won't happen again. well, we can hope. you're watching "hardball," the place for politics. irst step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no netw
we now know more about what president obama was trying to do in his lackluster debate wednesday night. that will be helpful to know. >>> and one thing democrats and republicans can be sure of, it won't happen again. well, we can hope. you're watching "hardball," the place for politics. irst step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for...
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Oct 5, 2012
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we now know more about what president obama was trying to do in his lackluster debate wednesday night. that will be helpful to know. and one thing democrats and republicans can be sure of, it won't happen again. well, we can hope. you're watching "hardball," the place for politics. gave it greater horsepower and best in class 38 mpg highway... advanced headlights... and zero gravity seats? yeah, that would be cool. ♪ introducing the completely reimagined nissan altima. it's our most innovative altima ever. nissan. innovation that excites. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things
we now know more about what president obama was trying to do in his lackluster debate wednesday night. that will be helpful to know. and one thing democrats and republicans can be sure of, it won't happen again. well, we can hope. you're watching "hardball," the place for politics. gave it greater horsepower and best in class 38 mpg highway... advanced headlights... and zero gravity seats? yeah, that would be cool. ♪ introducing the completely reimagined nissan altima. it's our most...